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Week 4 Discussion 1
"Identifying
and Mitigating Risks" Please respond to the following:
• Imagine you are considering opening a
specialty pet store in your area. Create a list of the five most significant
risks that you must address prior to making your decision regarding the
viability of your venture. Justify the risks.
• Speculate how you would mitigate each
risk identified in Part 1 of this discussion; determine the tools and
methodologies you would choose to mitigate them.
Week 4 Discussion 2
"Defining
Risks" Please respond to the following:
• Imagine you have addressed the risks
identified in Discussion 1. Now you have decided to proceed with your plan to
open the pet store. Determine your potential stakeholders in the venture and
analyze how they affect your risk management plan.
• Determine the strategies to bring
this group of people together and convince them that you have a winning idea
for your business. Support your response.
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